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Fraudsters' Fake Products 'May Lead to Real Harm'

You have come across so much about people using weight loss injections to get slim, it feels like it is time to try them out in the run-up to the holiday period. The problem is expense.

Yet it appears alternatives exist instead of getting a prescription and visiting the pharmacy. An SMS arrives giving a link to a website with much cheaper medication – and requiring no need to go through proper procedures. And you saw a similar ad on social media recently, so you decide to take the plunge.

The problem is these ads are almost certainly scams. In the best-case scenario, you'll receive no product and lose any funds you paid. In the worst, you obtain a fake version, with unknown ingredients that could lead to severe health problems.

The popularity of legitimate slimming drugs has led to a increase in fake goods entering circulation and deceptive practices set up to merely steal consumers' cash.

Health authorities have warned against purchasing these illegal weight loss medicines absent a doctor's order from beauty salons, bogus online chemists or through social media, saying they could contain “toxins and additional components which may provoke real harm”.

Recent statistics from a major retail bank show a significant surge in the quantity of customers who have been impacted by the scam. The bank says, the total sum lost to scams involving slimming jabs, injector pens, pills and lipid-reducing solutions during the third quarter , was more than double the total sum lost in the prior quarter. The average scam sets back sufferers £120, it says.

“Scammers are deliberately targeting people’s insecurities and health concerns, with these scams skyrocketing in recent months,” notes a bank’s head of fraud.

What it looks like

The majority take place on communication platforms and social networks. Across platforms, an account may imitate the brand that you seek, but there will typically be slight variations in text or brand marks.

The messages or updates will often use pressure-inducing language such as “limited-time offer”, “exclusive deal” or “free giveaway”.

With the cost of certain authentic weight loss jabs, has increased of late, the scammers will set the cost of their “product” more cheaply.

“Buying from unapproved vendors on the internet can come at a significant financial, health-related and psychological toll,” says the fraud expert.

What to do

Like any deceptive scheme, the old adage holds true: if it appears overly advantageous, it likely isn't genuine.

Health regulators have cautioned people to be highly vigilant when purchasing medications via the web. These products must only be obtained from a licensed chemist using a prescription provided by a healthcare professional, they advise. If sourced elsewhere, they can present serious risks to health.

Fraudsters can expend considerable effort to make their site or social media page look as authentic as possible. If they claim to be an online pharmacy based in the UK, it's possible to verify the online portal of the pharmaceutical regulatory body to confirm they are correctly licensed.

CC
The writer

Christina Cohen

A venture capital analyst with over a decade of experience in tech startups and investment portfolio management across Europe.

Optix Ventures UK

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